ETH, WBNB, USDC Stolen As Radiant Capital Suffers $50M Loss

Quick Summary:

Radiant Capital, a decentralized finance (DeFi) lender, reported a significant security breach across multiple blockchain networks, resulting in substantial financial losses.

The firm, however, noted that the exploitation of this function could have been mitigated with more security measures and timely audits of contract changes.

We are aware of an issue with the Radiant Lending markets on Binance Chain and Arbitrum.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Ronny Mugendi

Category: Crypto

Markets: India

Topics: 24/7 Cryptocurrency News Radiant Capital Defi hack

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-16 @ 22:14:13 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 431 words

Reading Time: 3 minutes read

Sentences: 34 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 23094497

View Article Analysis

About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 32 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 12 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #59

Publisher Details

Frequently Asked Questions